# PPP loan: MAGENTA LLC
> **$1.14M** approved 04/27/2020 · Paid in Full · Loan `3865867204`
## Borrower
- **Name:** MAGENTA LLC
- **Address:** 15160 NEW AVE, LOCKPORT, IL, 60441-2244
- **NAICS:** 326199
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $855K
- **Mortgage interest:** $171K
- **Utilities:** $114K
- **Jobs reported:** 71
## Lender
- **Originating:** Old Plank Trail Community Bank, National Association
- **Servicing:** Old Plank Trail Community Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*